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Equity Actions

SGN

Signing Day Sports, Inc. (NYSE:SGN) is set to go public on November 10, with shares expected to be priced between $4.00 and $6.00. The company, which develops platforms to help student-athletes get discovered and recruited, has an insider lock-up period of 180 days ending on May 08, 2024.

Portfolio Pulse from Benzinga Insights

November 09, 2023 | 3:00 pm

SHIM

Shimmick Corporation (NASDAQ:SHIM) is set to start trading on the NASDAQ exchange under the ticker SHIM on November 10. The company is offering shares at an expected price between $10.00 and $12.00 per share with an insider lock-up period of 180 days ending on May 08, 2024. Shimmick Corporation is a leading provider of water and other critical infrastructure solutions nationwide.

Portfolio Pulse from Benzinga Insights

November 09, 2023 | 3:00 pm

VLKAF

VWAGY

A senior executive at Volkswagen has announced plans to introduce an electric vehicle (EV) priced under $35,000 to the US market in the next 3-4 years. The company is considering building the EV in the US or Mexico and is also exploring the possibility of localizing the assembly of battery packs for the vehicle. The executive emphasized that Volkswagen is not scaling back its plans in the US market.

Portfolio Pulse from Benzinga Newsdesk

November 09, 2023 | 2:58 pm

EIS

SPY

TLT

On the 34th day of the Israel-Hamas conflict, the Israel Defense Forces (IDF) have taken control of a Hamas stronghold in northern Gaza. The IDF has also destroyed 130 Hamas tunnel entrances since the conflict began. The Israeli shekel weakened by 0.4% after eight consecutive sessions of gains, and Israel's main stock average decreased by 0.7%. The iShares MSCI Israel ETF (NYSE:EIS) recorded its eighth consecutive session of gains, while the iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT) opened slightly negative due to rising bond yields. The SPDR S&P 500 Index Trust (NYSE:SPY) saw a marginal increase of 0.1%.

Portfolio Pulse from Piero Cingari

November 09, 2023 | 2:56 pm

EXPI

eXp World Holdings, Inc. (NASDAQ:EXPI) announced that CFO Jeff Whiteside is stepping down and a search process has been initiated for his successor. Whiteside will remain with the company until Dec. 1, 2023 to support the transition. In the interim, Chief Accounting Officer Kent Cheng will serve as Principal Financial Officer.

Portfolio Pulse from Benzinga Newsdesk

November 09, 2023 | 2:31 pm

CPK

Chesapeake Utilities has announced a $330 million public offering of its common stock.

Portfolio Pulse from Benzinga Newsdesk

November 09, 2023 | 2:27 pm

CIFR

Bitfury Group has sold 10 million shares of Cipher Mining Inc. (NASDAQ:CIFR) at $2.95 per share in a private transaction. This represents 4.95% of Bitfury's current ownership of Cipher's common shares. After the sale, Bitfury will hold approximately 75.37% of Cipher's common stock. Bitfury has also entered into a 60-day lock-up agreement, preventing it from selling or transferring any of the common stock before January 15, 2024.

Portfolio Pulse from Benzinga Newsdesk

November 09, 2023 | 2:27 pm

CPK

Chesapeake Utilities Corporation (NYSE:CPK) has announced a public offering of $330 million of its common stock. The company also plans to grant underwriters a 30-day option to purchase up to $49.5 million of additional shares. The net proceeds will be used to partially fund the acquisition of Florida City Gas, expected to close in Q4 2023, and to pay related fees and expenses. Barclays Capital Inc., RBC Capital Markets, LLC and Wells Fargo Securities, LLC are the joint lead book-running managers for the offering.

Portfolio Pulse from Benzinga Newsdesk

November 09, 2023 | 2:26 pm

AMC

AMC Entertainment Holdings Inc announced an at-the-market offering to sell up to $350 million worth of its common stock. The proceeds will be used to bolster liquidity, repay existing debts, and for general corporate purposes. This comes after AMC reported Q3 financial results, beating consensus estimates with revenue of $1.41 billion and a loss of 9 cents per share. However, AMC shares are down more than 70% since the start of the year.

Portfolio Pulse from Adam Eckert

November 09, 2023 | 2:21 pm

CNXA

Connexa Sports Technologies Inc. (NASDAQ:CNXA) has announced the beta launch of the Slinger Bag analytics app for tennis, powered by Gameface Artificial Intelligence (AI). The app, available for iOS and Android users, provides insights into tennis game intricacies by analyzing data from uploaded player or match videos. The app is currently in beta testing and will eventually be offered on a subscription basis. Connexa plans to replicate the app's AI analytics platform for pickleball and padel tennis users and commence development for the Slinger Bag Baseball introduction, planned for the second half of 2024.

Portfolio Pulse from Benzinga Newsdesk

November 09, 2023 | 2:20 pm